Exchange Rate of Foreign Currency from 5.5.2017

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.40/2017-CUSTOMS (N.T.), dated 20th April, 2017, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 05th May, 2017, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

SCHEDULE-I

Sl. No.

Foreign Currency

Rate of exchange of one unit of foreign currency equivalent to Indian rupees

(1)

(2)

(3)

(a)

(b)

(For Imported Goods)

(For Export Goods)

1.

Australian Dollar

48.65

46.75

2.

Bahrain Dinar

176.50

164.55

3.

Canadian Dollar

47.60

46.05

4.

Chinese Yuan

9.45

9.15

5.

Danish Kroner

9.60

9.25

6.

EURO

71.25

68.80

7.

Hong Kong Dollar

8.35

8.15

8.

Kuwait Dinar

218.35

204.10

9.

New Zealand Dollar

45.05

43.45

10.

Norwegian Kroner

7.55

7.30

11.

Pound Sterling

84.10

81.30

12.

Qatari Riyal

18.15

17.15

13.

Saudi Arabian Riyal

17.70

16.55

14.

Singapore Dollar

46.75

45.20

15.

South African Rand

4.95

4.60

16.

Swedish Kroner

7.40

7.15

17.

Swiss Franc

65.75

63.55

18.

UAE Dirham

18.10

16.90

19.

US Dollar

65.10

63.40

SCHEDULE-II

Sl. No.

Foreign Currency

Rate of exchange of 100 units of foreign currency equivalent to Indian rupees